Canada Results for Week Ending March 24th
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 1.2-percent increase to 60.6 percent, its average daily rate rose 2.1 percent to CAD$124.22 and its revenue per available room was up 3.3 percent to CAD$75.24.
The Canadian hotel industry reported positive results in the three key performance metrics for the week of 18-24 March, according to data from STR.
In year-over-year measurements, the Canadian hotel industry’s occupancy ended the week with a 1.2-percent increase to 60.6 percent, its average daily rate rose 2.1 percent to CAD$124.22 and its revenue per available room was up 3.3 percent to CAD$75.24.
Among the provinces, Prince Edward Island achieved the largest increases in all three key performance metrics. Its occupancy was up 17.2 percent to 43.7 percent, its ADR rose 10.9 percent to CAD$81.72, and its RevPAR jumped 30.0 percent to CAD$35.75.
Quebec fell 2.3 percent in occupancy to 55.1 percent reporting the largest decrease in that metric, followed by Newfoundland with a 1.6-percent decrease to 67.2 percent.
Quebec experienced the only RevPAR decrease, falling 1.9 percent to CAD$69.57.
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STR provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering North America, Mexico and Caribbean. STR provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR founded the STR family of companies and is proudly associated with STR Global, RRC and HotelNewsNow.com. For more information, please visit www.str.com.
Categories: Market Reports
